Fnac Darty Sa Ord (GRUPF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good evening and welcome to the conf call for the presentation of FNAG D'Arti 2025 half-year results. Mr. Enrique Martinez, FNAG D'Arti Chief Executive Officer, and Jean-Brieuc Le Tignier, Chief Financial Officer, will be our speakers today. The floor is yours. Thank you very much. Good evening, everyone. Thank you for being here. We had to present and comment the 2025 half-year results. First, the agenda, slide three. Jean-Brio is going to detail the results of the half-year. This is the first half-year since the Italian integration of Unieuro. We will then comment our foresight, our perspectives, et cetera, our outlooks, and we will take your questions at the end. On slide five, We are going to comment the financial results on the life-or-life basis versus 2024, which means that we are going to include the integration of UniEuro and the deconsolidation of the ticketing business. So this is new scope of NAGDATI following the acquisition of UniEuro. First half sales are encouraging and they reflect the strong sales momentum of the second quarter against the backdrop, which unfortunately remains rather lackluster, notably because the recovery in consumer spending in France continues to lag behind. In other European countries, we can see the first signs of a recovery. but it is lagging behind in France. Gross margin rose by 60 basic points, reaching 28.9 percent. It is mostly driven by the good sales momentum of our service activities in all geographies. This is a key element of our strategic ambition. As you know, it is at the heart of the Beyond Everyday Plan, and I will say a few words about that later. I will mention the main components. improved slightly at €189 million for the half year. You see the roadshed, which is negative, as usual, at ...